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Millions of Americans are facing challenges keeping up with their student loan payments, but not everyone is feeling weighed down by debt. According to a recent survey, nearly one in four borrowers expects to finish paying off their loans this year.
Starting July 1, 2026, colleges will gain expanded authority to restrict how much students can borrow in federal loans — and the rules could vary depending on a student’s major.
For many families, paying for college is a balancing act between savings, financial aid, and borrowing.